During the past four weeks, we’ve discussed the seven biggest estate planning mistakes made by investors. In week one, we reviewed each of the seven. But in case you missed it, here’s a quick list of each of these big mistakes:

1. Not having an estate plan
2. Not reviewing your plan annually
3. Not placing your assets in your trust
4. Not having the liquidity your estate needs to pay estate taxes
5. Delaying decisions and planning due to tax policy uncertainty
6. Not taking advantage of tax planning and wealth transfer strategies
7. Failure to properly utilize life insurance as a planning and liquidity tool

Last week we talked about the perils of not placing your estate assets in a trust. This week I want to say a few words about not having the kind of liquidity your estate needs to pay its estate taxes.

Even if you have an estate plan in place, and even if you have your assets in a trust, your family’s security could still be at risk if there isn’t enough liquidity in your estate plan to pay Uncle Sam.

It’s my opinion that whoever wins the White House come November, estate taxes are bound to go up. That means it’s even more important than ever for you to have enough liquidity in your estate plan set aside to deal with the federal taxes your heirs are going to face.

If you have substantial assets, you need to have the right mix of liquid assets in place within your estate plan. Fortunately, my friend and colleague Kevin Yurkus, president of Fairway Capital, is an expert at helping high-net-worth investors manage their estate plans. Fairway Capital is a sponsor of my weekly radio show, and one reason why is because I trust Kevin’s judgment when it comes to all things estate planning.

If you have assets over $2 million, you MUST listen to my new audio special report. In this report, we cover each of the seven biggest estate planning mistakes, and we explain how easy it is to correct each one.

To listen to this FREE audio special report, click here.